Consider the following timeline detailing a stream of cash flows: If the current market rate of interest is 6.75%, then the present value (PV)of this stream of cash flows is closest to:
A)$21 864
B)$21 211
C)$23 474
D)$22 833

Question

Consider the following timeline detailing a stream of cash flows:  If the current market rate of interest is 6.75%, then the present value (PV)of this stream of cash flows is closest to:
A)$21 864 
B)$21 211 
C)$23 474 
D)$22 833

Quizplus · Accepted Answer

The Answer of Consider the following timeline detailing a stream of cash flows:  If the current market rate of interest is 6.75%, then the present value (PV)of this stream of cash flows is closest to:
A)$21 864 
B)$21 211 
C)$23 474 
D)$22 833

Consider the Following Timeline Detailing a Stream of Cash Flows